Happy Thursday.

As mentioned yesterday, we will circle back to Apple's 2Q24 earnings today. There is also Warren Buffett news to go over.

We still need to go over Apple’s 2Q24 10-Q - we can quickly discuss the most interesting takeaways from the document next week.

Let’s jump right in.

Three Charts From Apple’s 2Q24 Earnings

Quarterly earnings provide snapshots for how a company is performing. Stringing together a few earnings reports provides a clearer picture of business trends.

After going through Apple's 2Q24 earnings, a few items jumped out at me as needing some context.

The following three charts highlight a few intriguing Apple financial trends: Gross Profit Growth (HW vs. Services), HW vs. Services Revenue, Wearables Revenue.

Gross Profit Growth (HW vs. Services)

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